"Relevance is computed based on the number of words in the row, the number of unique words in that row, the total number of words in the collection, and the number of documents (rows) that contain a particular word."
"Every correct word in the collection and in the query is weighted, according to its significance in the query or collection. This way, a word that is present in many documents will have lower weight (and may even have a zero weight), because it has lower semantic value in this particular collection. Otherwise, if the word is rare, it will receive a higher weight. The weights of the words are then combined to compute the relevance of the row."
Also, "MySQL uses a very simple parser to split text into words. A ``word'' is any sequence of letters, numbers, `'', and `_'. Any ``word'' that is present in the stopword list or just too short (3 characters or less) is ignored."